On Monday evening, the School District of Mystery Lake presented some of the budget highlights for the upcoming school year.

 

One thing Thompson taxpayers will be relieved to hear is that the district has managed to keep tax increases to a minimum.

 

Kelly Knott, the Secretary Treasurer for the district, shares the details here.

 

“We’re looking at a special requirement increase of .61 per cent. So that’s the amount of local taxation we are looking for. The province had provided a directive that the maximum allowed would be a 2 per cent tax increase and we put together our budget with a .61 per cent increase.”

 

Knott also explained how much money the district will have to work with this year and what it’s earmarked for.

 

“Our total revenue for next year’s budget is anticipated at $42,812,000. Looking at our expenses, salaries and benefits are 85 per cent of our operating costs. Services make up 8 per cent, supplies and materials 4.95 per cent and fiscal, which is mainly our payroll tax, is 1.6 per cent.”

 

Two other factors that will impact the final budget is the province’s mandate for districts tor reduce management positions by 15 per cent and the release of the K-12 education review on March 31st.

 

To see the Budget Presentation go to mystery net dot mb dot ca.